Time-related underemployment rate (ILO modelled estimates) in Republic of Korea
Republic of Korea: Time-related underemployment rate (ILO modelled estimates) was 2.62 in 2027. ◆ Volatile
Time-related underemployment rate (ILO modelled estimates) in Republic of Korea, 2005–2027
Source: International Labour Organization.
Analysis
The most recent figure for time-related underemployment rate (ilo modelled estimates) in Republic of Korea is 2.62, measured in 2027.
The figure is up 26.1% over ten years.
Over the whole period, time-related underemployment rate (ilo modelled estimates) in Republic of Korea peaked at 3.93 in 2020 and was at its lowest, 0.349, in 2009.
That places Republic of Korea 130th out of 188 countries with data for 2027, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Time-related underemployment rate (ILO modelled estimates) in Republic of Korea, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 0.363 | — |
| 2006 | 0.401 | +10.5% |
| 2007 | 0.44 | +9.7% |
| 2008 | 0.436 | -0.9% |
| 2009 | 0.349 | -20.0% |
| 2010 | 0.359 | +2.9% |
| 2011 | 0.426 | +18.7% |
| 2012 | 0.465 | +9.2% |
| 2013 | 0.445 | -4.3% |
| 2014 | 1.06 | +138.0% |
| 2015 | 1.86 | +75.3% |
| 2016 | 1.88 | +1.2% |
| 2017 | 2.08 | +10.7% |
| 2018 | 2.28 | +9.7% |
| 2019 | 2.7 | +18.4% |
| 2020 | 3.93 | +45.5% |
| 2021 | 3.79 | -3.4% |
| 2022 | 2.88 | -24.1% |
| 2023 | 2.53 | -12.3% |
| 2024 | 2.62 | +3.9% |
| 2025 | 2.62 | -0.2% |
| 2026 | 2.62 | +0.1% |
| 2027 | 2.62 | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.3978 | 0.349 | 0.44 | 5 |
| 2010s | 1.35 | 0.359 | 2.7 | 10 |
| 2020s | 2.95 | 2.53 | 3.93 | 8 |
Countries ranked near Republic of Korea
More work & labour data for Republic of Korea
- Persons outside the labour force (ILO modelled estimates) 16,840 (2027)
- Labour force participation rate (ILO modelled estimates) 63.91 (2027)
- Labour force (ILO modelled estimates) 29,824 (2027)
- Employment-to-population ratio (ILO modelled estimates) 62.02 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 0.9719 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate -0.1065 % change on previous year (2027)
- Legislation on sexual harassment in employment 1 (2023)
- Criminal penalties or civil remedies sexual harassment in employment 1 (2023)
- Women can take the same jobs as men 1 (2023)
- Labor force participation rate, total (% of total population ages 15+) 64.4% (2025)
Frequently asked questions
- What is time-related underemployment rate (ilo modelled estimates) in Republic of Korea?
- Time-related underemployment rate (ilo modelled estimates) in Republic of Korea was 2.62 in 2027, according to International Labour Organization.
- What is the highest time-related underemployment rate (ilo modelled estimates) recorded in Republic of Korea?
- The highest recorded value was 3.93 in 2020.
- What is the lowest time-related underemployment rate (ilo modelled estimates) recorded in Republic of Korea?
- The lowest recorded value was 0.349 in 2009.
- How does Republic of Korea rank for time-related underemployment rate (ilo modelled estimates)?
- Republic of Korea ranks 130th out of 188 countries with data for 2027.
- Is time-related underemployment rate (ilo modelled estimates) rising or falling in Republic of Korea?
- Over the last ten years it is up 26.1%. The long-run trend across the full record is volatile.
- Where does this Republic of Korea data come from?
- The figures come from International Labour Organization, published as part of Time-related underemployment rate (ILO modelled estimates) (15+). Statizoid updates them automatically from the source API.
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About this data
Imputed observations are not based on national data, are subject to high uncertainty and should not be used for country comparisons or rankings. This series is based on the 13th ICLS definitions. The time-related underemployment rate conveys the number of persons in time-related underemployment as a percent of the total number of persons in employment. Persons in time-related underemployment comprise all persons in employment, who satisfy the following three criteria during the reference period: a) are willing to work additional hours; b) are available to work additional hours i.e., are ready, within a specified subsequent period, to work additional hours, given opportunities for additional work; and c) worked less than a threshold relating to working time i.e., persons whose hours actually worked in all jobs during the reference period were below a threshold, to be chosen according to national circumstances. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.